An Infinite Amount of Stock Available for Shorting Produces Predictable Results

Pretty amazing that folks interested in forcing stocks down – and there seem to be a lot of those kinds of actors around these days – have basically been able to “borrow” shares over and over again to facilitate their short sales. Just the latest example of how the financial regulators in this country have had their eye off the ball. I’m delighted Henry Paulson is on the case – but the current situation has to feel overwhelming to even someone as talented as him.